Car insurance costs fall £55 on average due to quiet lockdown roads Grace Gausden For This Is Money © Provided by This Is Money MailOnline logo
The average annual car insurance premium has fallen by £55 in just three months, new research has revealed.
This is the steepest fall in premiums over a three-month period since 2012, according to data from Compare the Market, when its research began.
The average premium between December 2020 to February 2021 dropped to just £652 - the lowest quarterly average since between July and September 2015 when a typical premium cost £606.
Premiums have also declined by an average of £103 year-on-year, as the pandemic has caused a sharp drop in the cost of insurance, showing the largest 12 month decline on record.
Car insurance costs fall £55 on average due to quiet lockdown roads
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